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Connect3 Acquisition Completes

socalTECH

Cerritos-based Connect3 , a developer of advertising, merchandising, and promotions software, is now officially part of DemandTec, a Bay area firm that develops promotional planning software. DemandTec originally announced the acquisition in January. Financial terms of the deal were not disclosed. READ MORE>>.

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Direct Drive Systems Acquired for $120M

socalTECH

Cerritos-based Direct Drive Systems , a developer of high speed motors for the oil and gas industry, has been acquired by Houston-based FMC Technologies, FMC said earlier this week. Tags: direct drive systems merger acquisition motors. Direct Drive is a spinout of Calnetix.

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